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murdoch claimed his company is too big for him to know the details of each business. there could be more tough questions ahead for rupert and james murdoch. the british prime minister, david cameron, has called for a judiciary inquiry and they could be summoned for that and there are some u.s. lawmakers that want their own hearing so they can question the media mogul himself on capitol hill. stephanie gosk, nbc news, london. >> in washington now, lawmakers appear to be making some bipartisan progress in the ongoing divide over what to do about the nation's debt libt. for the latest on that we go to nbc's tracie potts. she's in washington d.c. for us. >> reporter: just a glimmer of so-called gang of six, three democrats and republicans who have been working together on a compromise. they have come up with democrats and republicans suggesting $4 trillion in cuts, lower taxes and $1 trillion in revenue. what does the public think? a new nbc poll finds 58% favor the president's approach of spending cuts and more taxes. lynn? >> thank you. now for a look at other stories making news early tod
and really just ready for a big, big concert. matt? >> i tell you, al, this represents this morning, the motorcade had to actually move these people out of the way. anyway, we'll get back to you in a couple of minutes. >>> meanwhile, there has been a major development in the ongoing budget negotiations. president obama suspended the talks for the today. we'll tell you why and we'll talk to one of the senators who has been inside the negotiating room all week long. >> that's right. and also casey anthony is going to be released this sunday. and -- from prison. authorities are becoming increasingly concerned for her safety and we're live at the jail this morning with details on that story. >>> remember the photo we showed you earlier this week of that massive 18-foot long crocodile, the saltwater croc? a lot of people thought this was a doctor'd photograph. you can believe it's real. we went in search of that beast and we found him. >>> let's begin with that breaking news over night in boston where two delta planes collided. nbc's tom costello covers aviation for us in washington. goo
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
, welcome to "the early show" here on a monday morning. i'm chris wragge. >> and i'm erica hill. >> big sports news this weekend. >> huge. >> you had to seeing it, everybody is talking about it. women's world cup soccer, after one of the most thrilling girls in the history of soccer, penalty kicks, ally krieger. tied up. everyone saying lights out, it's over, they're going over. they tie it up, shoot-out they take it 5-2 over brazil and now in the semifinals. >> they're going to meet france on twewednesday. just fantastic to watch. i love watching the players, how excited they are. brazil no joke when it comes to soccer. >> 12 years to the day after brandy chastain the shirt -- you remember that. >> i do. i do. >>> first we want to touch on yes, the debt ceiling. starting to sound like a broken record. the deadline is looming for raising the debt ceiling. there were more talks at the white house on sunday. still no resolution. president obama told lawmakers be prepared to meet again today and every day until a deal is reached. cbs news senior white house correspondent bill plante has th
afternoon, hid their bodies in the bedroom, and then had a big party saturday night after posting invitations on facebook. hadley is charged with two counts of first degree murder. >>> after the battle over raising the debt limit. today the house is scheduled to take a largely symbolic vote on a republican-backed measure that has virtually no chance of passing in the senate. a just-released cbs news poll finds 48% disapprove of how the president is handling the negotiations. congress fares even worse, 58% disapprove of how democrats are handling it, and 71% disapprove of what republicans are doing. tara mergener is in washington with more on this. good morning, tara. >> good morning, betty. no question, there is a lot of pressure all the way around here. and options are getting fewer and fewer, as the deadline looms. house republicans are on track to pass a plan that would raise the debt limit, for a price. >> we can no longer borrow 40 cents out of every dollar in this country. that's why we must pass cut cap and balance. >> reporter: the tea party backed proposal would let the g
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
" that is the perfect song for summer. >> we've got another beautiful day at central park. another big crowd gathering. can't wait to get to that. >>> we also have a lot of news this morning. let's get right to that collision on the taxiway in boston last night. hundreds of passengers evacuated after the wing of a delta jumbo jet clipped the tail of another jet just months after a similar collision here in new york and abc's lisa stark is tracking this overnight. good morning, lisa. >> reporter: good morning, george. well, it was two delta flights, both loaded with fuel. ready for takeoff. one rams into the other. it could have been much worse. this photo taken from inside the 767 clearly shows the damage. the wing tip of the jumbo jet sliced apart. the tail of the regional plane badly mangled. >> people were freaking out. the girl next to me was right by the wing was ying. and was trying to jump out of the emergency exit for a little bit. >> everybody said, what happened? >> reporter: it was still light out, around 7:3030ast night when the planes collided. the regional jet apparently turned on to a t
mmm. oh gosh. oh dear. big deal. you're delicious. so what. i've got news for you. there's no such thing... ...as a bear sheriff. you think i'm afraid of u? hey what? you don't have to be mean to the cake.i do. you don't. i do. just eat yoplait light. they have great flavors like... boston cream pie, raspberry cheesecake. even though i work here, i've lost weight. wow. yeah. carry on. (announcer) 28 delicious flavors at around 100 calories each. >> i'm about to really embarrass my wife. oprah: uh-huh. >> and my friend here. i have seen "the color purple," which you should've got an oscar for in 1984--i have seen it 55 times, and i want to do a little part for you. i know you remember this. [laughter] >> but here it goes. i said, "if i ever get to meet her"--and i made a dream come true. and if i can take a few minutes of your time... oprah: you are the first white man i've seen do it, though. [laughter and applause] >> and i hope i can get a hug from this. i hope i can get a hug after you see this. oprah: ok. >> you told harpo to beat me. all's my life i hads to fight. i
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
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in it a green bell is a big rig versus a car the right lane is bought and an ambulance is on scene. we are still seen top speeds on the highway >> national news the house of representatives passed the bill to raise the debt ceiling is allowing the government to borrow two trillion dollars more. democrats are expected can it kill the bill in the senate appeared they have also put together out deficit plan the president did say more work in the is needed >> what you're seeing is an evaluation of that plan and you will see some significant overlap. we might agree in principle with seven senators it does not get as out of the house of representatives that will have to be a broader agreement so this gets done in a serious way. >> president's remarks were followed by the best day on the dow jones. we will fall they dock markets for you when they open and this is a live look outside from our mt. tam camera they he is on and we will have more news weather and traffic when we return @p@po' a sent as a woman has been arrested by causes blurring of a child away of of with candy. investor say she forced her
. preliminary reports indicate a tire blowout were to blame. >>> a big stage collapsed at a music festival in ottawa, canada. the band cheap trick was playing at the ottawa blues fest when a severe thunderstorm hit. the band got off the stage safely. one person was seriously injured. >>> to the dangerous heat wave that's baking much of middle america with many areas suffering through triple-digit temperatures the oppressive and sticky weather isn't going away any time soon. it's expected to last all week and headed east. this morning at least 15 states are under excessive heats advisories, warnings or watches. most are in the midwest where cooling centers are overcrowded. cynthia bowers reports. >> reporter: it's been so hot for so long in oklahoma the government called for a statewide day of prayer in hope of some divine intervention. for 47 straight days, temperatures in oklahoma city have been 90 or more. there's been only one day below 100 so far this month and it's expected to be 100 degrees or more through at least friday. this summer searing heat is setting new standards. this month
to do with what folks were just saying. you've got a big heart, and you share it with people, and nobody knows how to connect better than you do, and so we are just blessed and grateful to have you in our lives. >> thank you. thank you, mr. president. thank you, mrs. obama. >> thank you. oprah: thank you, everybody. see you tomorrow. that was great. thank you. [captioning made possible by king world] [captioning by the national captioning institute --www.ncicap.org--] too many nights alone at the spacebar. will l le ever find me? ♪ ♪ oh yes! ♪ what about love?! ♪ [ female announcer ] swiffer attracts dust. swiffer 360 dusters gets in hard to reach places. it picks up two times more dust thth a feather duster using thousands of fluffy fibers to lock dust away. you're just my type! [ laughs ] [ female announcer ] swiffer gives cleaning a whole new meaning. ♪ stars at night are big and bright ♪ ♪ deep ininhe heart of texas ♪ >> we heard that song on the way in. >> you've got cowboy boots on too, you can't see them, heels this big. >> trust us, that song actually
decade. the key thing here is this is the first so-called big idea with support from influential lawmakers on both sides of the aisle. last night, the republican-led house pass its preferred solution to solving the crisis known as the cut, cap, and balance act, the legislation cuts federal spending by $6 trillion and requires a constitutional balanced budget amendment in exchange for raising the debt ceiling but the bill is expected to die in the senate. the president's focus was on the plan forged by the so-called gang of six. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisanship consensus around what that would take. >> reporter: the plan calls for an immediate deficit cut of $500 billion and mandates spending caps through 2015 and require congress on find specific cuts in medicare, defense spending, agricultural and energy. it would phase in the lower inflation measure for social security and scale back, but not eliminate, deductions for mortgage interest and charity and retirement counts and
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exercise before the big day. and they do this in the absence of any weather breeze, if you can believe it or not. the expected high today is 95. the heat index, 98. officials here say no matter what, these horses will run. opening day at america's oldest sporting r ining venue is a sum ritual. they are monitoring conditions and expect the races to go on as planned despite a predicted heat index of 100. races have been postponed only once before due to hot weather, during the summer of 2006. all along the east coast, people trying to enjoy the dog days of summer are feeling the heat. out in outdoor rock concert in new jersey, even preventive measures couldn't keep 100 people being treated for symptoms of heat exhaustion. at least one person was taken to the hospital. in the nation's capital it felt like 112 degrees thursday. paramedics were called to treat at least two people who collapsed on sidewalks around the city. rescue workers are responding to an increase number of incidents. >> last two days alone, we have run over a thousand calls. >> reporter: across the potomac river no one
the belmont. forget all about those races. >> who cares about the triple crown when this weekend is the big wiener dog race. racing event in your hometown of seattle. they held some qualifiers yesterday ahead of the big showdown tomorrow. oh yeah. >> you don't mess with the weiner. the winning dog's owner gets cool prizes including a weekend away with their hot dog, you get to bring the wiener dog. what? >> i'm sorry. it's clearly friday here. have you ever owned a wiener dog, messed with a wiener dog? >> i would get a dachshund. i do like those dogs. >> she's pushing me to get one. >> little long-haired dachshunds, they're supposed to be great dogs. you lot of the westies. >> i like little dogs, i'm one of though those. don't likekehe purse dogs but i like -- >> a little wiener. we'll be back with more "world news now" right after this. [ male announcer ] every day, thousands of people are choosing advil. my name is lacey calvert and i'm a yoga instructor. if i have any soreness, i'm not going to be able to do my job. but once i take advil, i'm able to finish out strong. it really works! [
a few seconds left. if they can't get that big deal they might try for a smaller one. what happens on august 2nd if there is no agreement. >> reporter: the u.s. government runs out of money. some are looking for ways to roll over some of the debt, but this is really just managing a sinking ship more than anything. on august 4th, $87 billion in debt comes due and there needs to be a new debt to take its place, george. >> jake, thanks very muchch >>> turning now to casey anthony. she'll have to wait a little bit longer before she gets out of jail. adding an additional four days and with time already served a week from sunday will now be her last day behind bars. abc's ashleigh banfield is in orlando with the latest. how did they come up with this recalculated release date? >> reporter: just different math and honestly this is such a frenzy yesterday it's assumed they did this so quickly, once orange county jail officials went back over the numbers they realized it wasn't right. it was more clerical as we understand than anything else but it means she's getting out a little later than
. >>> and this is an ipad for $69. the big mistake that had people thinking they had gotten the bargain of the year. >>> i want to start with another apology today. this from rupert murdoch. responding to the hacking scandal from the u.k. what this shows you, this tape, it is murdock going into a meeting with the family of the murdered british teenager. it was that teenager's hacked voice mails that sparked the outrage into the scandal. listen. >> shame on you. shame on you. shame on you. shame on you. >> mr. murdoch, will you tell us what you said to the family? >> if you just keep silent for a minute. it was a totally private meeting. >> keep your head down, mate. >> i'm the founder of the company. i was appalled to find out i apologize. i have nothing more to say. >> nothing more to say at that moment. he did have more he went on to say. murdoch posted an ad in several british newspapers. he said, "we are deeply sorry for the hurt suffered by the individuals affected." the news of the world was in the business of holding others to account. it failed when it came to it self. rebekah brooks oversa
much buildup. at the mercy of mother nature and that is the big story all morning but looks like things look pretty good around you right now so our fingers are crossed and hoping for the best. >> consensus is positive. as for this morning's scheduled law firm we don't know if mother nature will cooperate but we are watching closely. cbs news correspondent bob orr has the latest for us this hour on the launch. >> reporter: "atlantis" is ready to go. no technical issues. the astronauts are now strapped into the spacecraft. the weather is still iffy and the launch is still uncertain. despite diminishing hopes for a friday liftoff, nasa overnight pumping 500,000 of liquid fuel in the large orange external tank of shuttle lnts"atlantis." they are continuing their final preparations for launch but for the past two days the weather at kennedy space center has been horrible. a lightning strike hit launch pad 39a on thursday. forcing nasa engineers to recheck critical systems and more storms are possible today. the shuttle can't blast off if there is rain or lightning
this morning. big story here. we're going to look at a nuclear plant in tennessee called watts bar where a recent federal inspection found more than 40 significant problems. 40. it is a crucial issue, especially after japan's recent nuclear meltdown. one critic says regulators are gambling with people's lives. we're going to hear more from armen keteyian in this investigation. >> something you don't want to miss when you think about the future of this country's energy policy. but we begin with britain's tabloid scandal, and an unprecedented day for the owner at the center of it. rupert murdoch faces questioning by british lawmakers, who want to know more about cell phone hacking, police payoffs, and other alleged wrongdoing by reporters at his newspapers. cbs news correspondent elizabeth palmer is in london outside the house of parliament with the latest. good morning, liz. >> good morning. the murdochs are going to appear in about 2 1/2 hours from now. technically, at a session of the commons committee on culture, media and sports. but i'll tell you, in atmosphere it's much more like a
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
. >> and i'm rebecca jarvis. erica hill is off this morning. big bumer for the u.s. women's team. they were expected to win the world cup on sunday. a nail biter right to the end. it touched off huge celebrations in japan, where they're still recovering from the disasters, the earthquake, tsunami from early this spring. we'll have more on the tough loss for the u.s. women and what lies ahead in just a bit. >> so close. >> so close. >>> let's begin with the latest on the british tabloid hacking scandal. on sunday, london's top cop quit over his department's connection to the accused hacker and executive for the london newspaper was arrested. elizabeth palmer is in london with more this morning. liz, good morning. >> reporter: morning, chris. when this whole affair exploded exactly two weeks ago today, nobody dreamed how many powerful, high profile people would be dragged in and down. rebecca brooks, the former murdoch editor and british ceo, has now been bailed after her arrest yesterday. she spent several hours answering questions at a police station. there are two criminal inquiries now ge
in may. >>> now, we turn to the other big story today. the dismal numbers out on the economy. specifically, the jobs market. our bianna golodryga is here with the shockingly not so good news. >> very disappointing news, josh. a di mall report. just 18,000 new jobs were added in june. that's the smallest gain in nine months. economists had expected anywhere from 90,000 and 150,000 jobs to have been added. and more bad news, the unemployment rate ticked up to 9.2%. unfurther from the may high of 9.1%. now, that had been written off as a one-time slowdown. a tribute to the natural disaster in japan and high oil this mornrng's report questions whether that recovery has stalled. if that's not bad enough, the revisions to may's numbers have been out, as well. >> the president will be speaking about this report a bit later today from the white house. bianna golodryga, thanks very much. >>> and hackers have exposed a security flaw in the software that runs the iphone, ipad and ipod touch devices. you're especially vulnerable when you open pdf files when hackers can view your confiden
progress on a major sticking point during marathon talks. but other big issues are still unresolved. >>> president obama gave congressional leaders until saturday to reach a solution for the federal debt. the president will host a news conference at 11:00 a.m. eastern time today and abc news will have live coverage. >>> and minnesota's governor has a tentative budget agreement with state lawmakers. a $5 billion deficit for state offices and services to close down earlier this month. >>> and finally it is that time again. our, ready, favorite story of the day. it's the tale of a love letter that took more than half a century to get to its recipient. >> it was recently found in the mail room of a university outside pittsburgh. and that's when the workers there went into action. here's wtae's michelle wright. >> reporter: the mystery in the mail room had the whole campus buzzing. a letter postmarked february 1958 had finally arrived. but how was mailil room supervir connie morris gointo track him down from 53 years ago? it was signed "forever, vonnie." there were few other clues. clark
current and pulled over a big waterfall at yosemite national park. and searchers are out looking for their bodies today wednesday, july 20th, 2011. captions paid for by nbc-universal television >> and good morning, everyone. welcome to "today" on a wednesday morning. i'm matt lauer. >> and i'm ann curry. as you see, it's 76 degrees already at 7:00 a.m. here in new york city. and new york is one of 32 states under a heat advisory warning today. >> i think you can see that shot from above, the haze that's hanging over the city. apparently a lot of the country is trapped inside what people are calling a heat dome. inside that dome temperatures in the 90s and 100s in areas that aren't used to getting that hot. now you throw humidity on top of that, and there is simply no way to escape. how long will all this last? we'll check in with al roker on that in just a moment. >>> then we're going to talk about wendy murdoch, the wife of rupert murdoch. she was the first person to leap to her husband's defense when a protester tried to hit him in the face with a pie as he was testifying in fr
and conservatives is to get their big political statement today, they believe there's time for that. the plan you just described allows them to say the real solution is cutting spending big now and changing how congress would work for years and years to come. the president knows it's not going to get to the desks, they said this would really force the government to not be able to spend on things like medicare, social security, prevent spending for future disasters, and they even renamed it. republicans call it cut, cap, and balance, the white house is calling it duck, dodge, and dismantle. >> on that note, let's talk about what the white house is doing behind the scenes. privately on sunday there was a meeting between the president and republican leaders, and it raises the specter is the quote on quote biggest deal possible actually still possible? >> reporter: both parties tell me they are still talking about that, trying to do something much bigger and would have a longer term result, but the short-term is really a plan that is getting a lot of attention quietly, negotiations going on, focussed
. this is a monsoon storm that kicks up desert dust but rarely this size, rarely this big. some reports had this dust cloud 60 miles wide. it should down the airport for a while. knocked out power to thousands of people. 60 miles. huge. >>> this week, facebook launched a new way to video chat with your friend. how does it compare to the new service google is developing. we'll compare the two for you. seafood feast for $15. start with soup then have salad and biscuits followed by 1 of 7 delicious entrees and finish with something sweet all for just $15. right now at red lobster. morning starts with arthritis pain... that's two pills before the first bell. [ bell rings ] it's time for recess... and more pills. afternoon art starts and so does her knee pain, that's two more pills. almost done, but hang on... her doctor recommended aleve because it can relieve pain all day with just two pills. this is lisa... who switched to aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. man on tv: ...rbis and 36 homers. swings at the first pitch and fouls it deep b
'm gonna d chas veces fueron su show, showing myself farming and cutting down those big trees and planting good stuff and doing all that kind of political farming. oprah: what's it gonna be called? >> "roseanistan." oprah: "roseanistan." roseanne barr's new book "roseannearchy." "roseannearchy." thank you roseanne. bye, everybody. that was great. that was great. [captioning made possible by king world] [captioned by the national captioning institute --www.ncicap.org--] l preservatives? ♪ ♪ so get real. try sierra mist natural. naturally sweetened with real sugar and nothing artificial. for a crisp clean lemon lime taste. deliciously refreshing sierra mist natural. the natural one. for a refreshing twist add a splash of your favorite fruit juice. go to facebook for delicious drink ideas. upper 80s in new york. an93 in atlanta. we are having some great weather right now. no humidity. it's really nice. >> punishing. >>> we're going to talk about facebook. go to our wnnfans page.com. facebook's added yet another string to its bow yo
that president obama told congressional leaders in the room last night that he still wants the big deal. $4 trillion in deficit reduction over the next ten years. speaker john boehner says he wants to, too. but there's no path to get there. the clclk is ticking. the major sticking point, whether it's a large part of tax reform, wages on top wage earners go up. democrats say speaker b bhner agreed to put on the table letting the tax cuts for the wealthiest americans expire. but then could not take the heat from his republican caucus. >> this is serious stuff. we've got to be able to deliver on this promise. and i'll make sure that's done and no tax increases. >> reporter: republicans say that the problem is president obama hahabeen unable to bring his own party around to own entitlement spending medicare medicaid, social security, that he put on the table. tick tock. the goal is to reach an agreement in the next couple of weeks so that the law can be written and passed before the deadline of august 2nd, that's when the federal government is slated to run out of money. w
. >>> good morning. we've got a problem around morgan hill area. northbound 101, jackknifed big rig and we're getting word from the chp that has been cleared. there may be flashing lights there. ace train number 1 five to ten minutes late. you got slow traffic in san jose also. southbound guadalupe parkway, a little slowing. highway 87 doesn't look like any slowing there. that is just south of area there. so far so good this morning. no major stalls or accidents to report to you. kristen? >>> the city got paid for the ads. now, they wanted to get paid for those damages the ads caused and they are ready to sue advertisers over what those have done to city buses. and kicking open the record books. the historic achievement that sparked a national holiday this weekend. record at the box office, how the final harry potter movie ranked. i'm carla, and this is my cvs. we look out for patients by offering care 1 on 1. we help them save money with generic prescriptions. we talk to them about prescription safety and -- help them save money. plus we discuss possible side effects and -- help them save
. for >> let's get to it. >> we are currently sitting above the clouds. a live look at the mt. tam cam. a big story this morning is the fog around the bay area. we are already seeing some clearing. and low cloud cover round the bay area as we head into the afternoon. sunny and warm conditions. temperatures in the east and land. hot weather tamara. i will show you retractors are going to go in my next report. -- i will show you where temperatures are going to go in my next report. >> this the nimitz freeway is cleared, the backup will quickly dissipate from that accident. no need to think about an alternate route. a complete check and a bridge check coming >> cisco is cutting 15 percent of employees at or above level of bis president as well as layoffs in the lower ranks. they say they need to reduce operating costs by at least $1 billion worldwide in order to raise profits. more on that story coming up. >> more bad news for borders books, the number to book store chain in the country is closing its doors for good. 399 stores will close nationwide, almost 11,000 people will lose their job
the big deal. $4 trillion in deficit reduction over the next 10 years. speaker john boehner says he wants to, too. but there's in path to get there. the clock is ticking. the major sticking point, whether it's a large part of tax reform, wages on top wage earners go up. it could not take the heat from his republican caucus. >> we have got to be able to deliver on this promise. >> reporter: republicans say that the problem is president obama has been unable to bring his own party around to own entitlement spending that he put on the table. tick tock. the goal is to reach an agreement in the next couple of weeks so that the law can be written and passed before the deadline of august 2nd, that's when the federal government is slated to run out of money. the immediate result, checks might be cut for social security payments, benefits. salaries for military families. . stock market could dive, perhaps as much as 9%. or roughly 8$800 billion. some of it from your retirement savings. interest rates for the u.s. government and for us would shoot up. trying to get a mortgage? what about a car loan
there will be more pressure on the u.s. to take up the slack. >> we're the big boy on the block, you know. we bring the best equipment. we bring the best training. we bring the best force to bear. others, you know, are operating, but they're operating on a short leash. >> reporter: american service men made out more than half of the multinational crew on board this flight. what's it like to be part of this mission? >> it's good to know that we're doing the right things for the right people. so, overall, it's a rewarding job. >> reporter: especially on nights like this. when the crew was able to come to the aid of one of the most vulnerable parts of libya, the besieged city of misrata. it's just after midnight, and moments ago pilots identified what they believe to be a surface-to-air missile site near misrata. controllers here guided four f-16 fighter jets to the region, where pilots were then given the go-ahead to drop their bombs. each successful strike against gadhafi's forces is a boost for the rebels fighting them. but even with nato's help, progress has been frustratingly slow. >> we're keepi
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